Windjammer Capital Investors ("Windjammer") is pleased to announce that it has acquired Vital Records Control ("VRC" or the "Company") in partnership with VRC's management team. Terms of the transaction were not disclosed.
Headquartered in Memphis, TN, VRC provides a suite of information governance services and solutions. The Company offers offsite records storage, climate controlled storage, release of information services, vaulting services for media backups, destruction, services including mobile shredding, imaging services, records indexing services, and medical workflow solutions. VRC currently operates from more than 25 locations, with a focus on the Southeastern US and serves customers in more than 30 states.
VRC's customer-first culture has attracted a wide array of long tenured customers, including Fortune 500 companies as well as thousands of regional and local companies. VRC provides customers with industry leading security and chain-of-custody of sensitive documents, enabled by the Company's proprietary RF-based tracking system for stored records and strong security protocols. Further, VRC's proprietary software provides customers with reporting for document tracing, scan-on-demand, and simplified invoicing.
"VRC's management team built a well-respected business in its markets which has grown steadily over the past 25 years," commented Jeff Miehe, Managing Director at Windjammer. "VRC's high levels of customer service and its leading technology platform have enabled it to develop leading positions in mid-size markets throughout the Southeast. We are extremely excited about the opportunity to partner with Danny Palo and VRC's management team."
"We're enthusiastic about our new partnership with Windjammer and their support of our customer-focused approach to the market," said Danny Palo, CEO of VRC. "We look forward to leveraging Windjammer's resources to help accelerate our growth into new and adjacent markets, strengthen our position in existing markets, and provide our customers with additional services related to their information governance needs. Windjammer's operational and strategic resources will be extremely valuable as we embark on the next phase of growth for our Company."
VRC is actively seeking acquisitions in document storage, shredding, imaging, and workflow solutions. More information on VRC can be found at www.vitalrecordscontrol.com.
If you would like more information or have any questions related to this transaction, please contact Jeff Miehe or Ryan Pertz at 949-721-9944.
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management. Windjammer manages over $2 billion of committed capital with respect to its control equity investment strategy, and since its founding in 1990, has completed over 50 platform acquisitions and over 100 strategic add‐ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.
More information on Windjammer can be found at www.windjammercapital.com.